Highlights
It's employment day. Expectations for nonfarm payrolls look for an increase of 63K for April. That would follow a surprisingly strong 178K increase in March. The Econoday consensus also looks for the jobless rate to be steady at 4.4 percent. Based on strong data and inflation worries flowing from the energy price shock, markets are pricing rates on hold and almost no chance of a rate cut from the Federal Reserve through year end, rather more hawkish than a month ago.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.